AC trade ideas
Air Canada in troubleAir Canada will touch the support early 2022. The new variant will do a lot of damage going into the new year.
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Air Canada - Buy Zones Longer-term investment, which I believe is extremely undervalued. Not much technical, other than where me and the crew plan to put our buy orders. Rest is fundamental. Look into politics you donkeys. Fundamentals being - shit opening up, innit.
#AC Ready to Takeoff - Target 31.54Target : CAD 31.54
Resistance 2 : CAD 28.61
Resistance 1 : CAD 25.90
Support 1 : CAD 20.59
Strong 2 : CAD 14.75
NEWS & UPDATES
Air Canada (AC) said Thursday that it will resume flights and increase service to certain South American destinations as it rebuilds its flight network following the devastating impact of the coronavirus pandemic on global air travel.
The airline will resume flights from Montreal to Sao Paulo, Brazil on Dec. 8 and increase flights from Toronto to a daily basis starting Dec. 6.
Meanwhile, flights from Montreal to Bogota, Colombia will resume Dec. 2, while service from Toronto will increase to four per week starting Nov. 7. Elsewhere, flights from Toronto to Santiago, Chile will resume in January 2022.
Flights to Buenos Aires, Argentina, are still pending government approval, Air Canada said. The Argentine government has announced plans to reopen to international tourists as of Nov. 1.
**Disclaimer - This is not a financial advice, please trade with caution and on your own risk.
Do not view this idea as a recommendation for trading or investing. Risk Only What You Can Afford. Always Use a Stop Loss. Past performance is not necessarily a guide to future performance.
I would appreciate your feedback on my analysis.
Cheers
AC sideways to down this month, but looks good long termAir Canada earning Nov 2 should stop the down trend and push the price higher
Air Canada AC 2-1-2 Downside MonthLooking for Air Canada to go 2-1-2 on the monthly to the downside to trigger some pain here. 20 days left on the month lots can happen
Formed a head and shoulder on daily if you look hard enough
AC / CHR LEAP/year long tradeLooking at entering an AC or CHR trade
- Based on improved demand for flights
- More people opening up to travelling
- Restrictions being eased all around.
Really the amount of ravelling happening is
increasing now, and the real benefits will be
in 2022.
CHR would be a commons trade, where as AC would be in Call options.
I am going to do a bit more looking into CHR, AC feels like a safer play, however, I am worried about entering a trade with earnings coming up shortly.
The AC and CHR charts move in an identical manner if you study them closely.
Very high probability of boom on next earning after this ABCDEUsed Fib circle, fib retracement, Eliott waves, and pure technical analysis. High probability PT 31 by mid November 2021.
We will test the bottom of the channel before going higherBottom around 21.05-21.25 by September 29th. If earnings go well, we should be able to test the post-Covid high by Feb-March 2022. PT=30+
$35 Target for Air CanadaAir Canada is too important to fail. All that taxpayer money should go into shareholders pockets as directly as possible.
$35 is really greedy, so I'll settle for $33
Please donate 10% of profits to charity in my name.
AIR CANADA, TIME TO FLY!Hello fellow traders and investors Air Canada has pulled back to the trendline which acts as a support. Our take profit target is placed around the 29$ area offering a 13% ROI.
Take Profit: 29$
Stop Loss: 24.75$
Technicals:
- RSI=Oversold
- 8SMA=Still indicating a downtrend
Fundamentals:
- Market Cap: 8.66B
- Sales Last 12 Months: 2.84B
- P/E:
- P/S: 3.05
- Debt/Equity: 2.14
- Sales growth yoy: -80%
- EPS growth Q/Q:
- Profit Margin: -172.60%
- Short Float:
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Long AIRCADAirCad has been in an uptrend and I'm looking for that trend to continue through out this week and continue to the upside and probably hit the previous higher high and reject to the downside!
Air Canada on the runway?Looks like a bottom has been found and a new move is coming soon to a local maximum on Wed. June 9th
AC - getting ready to soar!We discuss price levels to look for to confirm the movement up to price targets.
$AC.CA - Setting up to test $23 supportPandemic lockdowns across the country, big miss on earnings, losing $15 million a day.
My guess is that AC drops to test $23 when the current pattern completes.
I'm not confident that $23 support will hold.
The only good thing to say about Air Canada, is that they have government cash pouring in.
The government of Canada might not let AC die, but they've let the share price drop below a dollar in the past.
Feels like a good time to be short.
Disclaimer: I am an ape with a crayon.
